Tokyo Market News: investment market news from the Nikkei and Topix indices
Tokyo Market News: investment market news from the Nikkei and Topix indices

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    August 13, 2007

    Commodities-related shares see gains

    Filed under: Companies, Mitsui OSK, Kawasaki Kisen, Sumitomo Metal Industries, Credit Saison, Aeon, Mitsubishi Materials, Cosmo Oil, Sumitomo Mitsui, Mitsumi Sumitomo Insurance, Yamada Denki

    Tokyo’s markets were mixed Monday.

    While the Nikkei 225 gained 0.21 percent to 16,800.05, the Topix index dropped 0.08 percent to 1,632.64.

    The Mothers market of small and mid-caps was up 0.65 percent to 767.49.

    Shares related to commodities were higher during the day.

    Sumitomo Metal Mining (TYO: 5405) gained 4.4 percent to ¥2,380, while metals smelter Mitsubishi Materials (TYO: 5711) was 9.8 percent higher to ¥639.

    After losing 17 percent last week, Cosmo Oil (TYO: 5007) was up 4.2 percent to ¥547.

    Shippers were up as well.

    Mitsui OSK Lines (TYO: 9104) gained 1.5 percent to ¥1,623, while Kawasaki Kisen (TYO: 9107) added 3.9 percent to ¥1,485.

    On the other hand, financial services and the retail sector were both lower.

    Sumitomo Mitusi Financial Group (TYO: 8316) dropped 1.2 percent to ¥988,000, while insurer Mitsui Sumitomo (TYO: 8752) was 4.6 percent lower to ¥1,364.

    Credit card issuer Credit Saison (TYO: 8253) was 5.3 percent lower to ¥2,840 after it said that it has seen costs related to bad loans go up by 41 percent.

    In the retail sector, Aeon (TYO: 8267) was down 5.3 percent to ¥1,857, while electronics retailer Yamada Denki (TYO: 9831) fell 6.8 percent to ¥11,640.





    January 5, 2007

    Isetan sees gains on record sales

    Filed under: Companies, Isetan, Nippon Steel, Canon, Toyota, Inpex, Honda, JFE, Toshiba, Sumitomo Metal Industries, Japan Petroleum, Mitsubishi Materials, Oji Paper, Toho Zinc, Fanuc

    The Tokyo equities markets were lower on Friday as trade volumes were low ahead of another holiday weekend. The Nikkei 225 dropped 1.51 percent to 17,091.51, while the Topix index was 1.4 percent lower to 1,675.33.

    The automobile manufacturing sector saw losses as investors took profits after recent gains. Toyota was down 2.4 percent to ¥7,900, while Honda fell almost 3 percent to ¥4,600.

    Other export-dependent sectors also saw declines. Canon was 2 percent lower to ¥6,530. Meanwhile, industrial robot manufacturer Fanuc fell 2.8 percent to ¥11,430. Bucking the trend was Toshiba, which was 1.64 percent higher to ¥808 on reports that it will develop a new boiling water reactor for nuclear power plants, to be marketed both domestically and in foreign markets by 2015.

    Declines in crude oil prices hurt oil companies. Inpex dropped 2.5 percent to ¥919,000, while Japan Petroleum fell almost 5 percent to ¥6,610.

    The steel sector was down as well, as were companies dealing in non-ferrous metals. Among steel makers, JFE was 5.7 percent lower to ¥5,750 and Nippon Steel was down 6 percent to ¥622. In the non-ferrous metals sector, Mitsubishi Materials fell 1.4 percent to ¥430, while Sumitomo Metal Mining was 2.5 percent lower to ¥1,456 and Toho Zinc dropped 7.4 percent to ¥1,021.

    Gainers on the day included department store Isetan, which added 2 percent to ¥2,230 on record sales. Oji Paper was helped by the decline in crude oil prices, gaining almost 4 percent to ¥675.





    September 12, 2006

    Nikkei 225 down 0.5 percent on session

    Filed under: Companies, Mitsui OSK, Nippon Yusen, Kawasaki Kisen, Inpex, Komatsu, Sumitomo Metal Industries, Mitsubishi Materials, Daiichi Sankyo, All Nippon Airways, Yamato Holdings

    Tokyo equities markets were lower on Tuesday as investors worried that dropping commodities prices are signaling a slowdown in the global economy. The Nikkei 225 was 0.5 percent lower to 15,719.34, while the Topix index dropped 0.7 percent to 1,585.98. The Mothers Index of small and mid-caps fell even more sharply, declining by 2.9 percent to 1,272.58.

    Commodities-dependent stocks were lower, with Sumitomo Metal Mining down 4.7 percent to ¥1,595 despite revising its full-year prediction higher, while Mitsubishi Materials dropped 4.9 percent to ¥481. In the oil sector, Inpex was 2.2 percent lower to ¥929,000.

    New data showing machinery orders were lower than had been expected, released Monday, was still showing an effect as heavy machinery manufacturer Komatsu declined by 4.1 percent to ¥2,090.

    Transport, however, saw gains on the session. Among shipping lines, Mitsui OSK Lines was 0.7 percent higher to ¥881. Nippon Yusen added 1.1 percent to ¥720, while smaller peer Kawasaki Kisen was up 1.2 percent to ¥754. Door to door delivery company Yamato Holdings and airline ANA each added 1.3 percent, to ¥1,813 and ¥479 respectively.

    In the pharmaceuticals sector, Daiichi Sankyo added 3.9 percent to ¥3,210 on the news that as part of a plan to get rid of all non-core pharma businesses by early next year, it will sell two diagnostics units soon.





    July 3, 2006

    Commodity prices take miners higher

    Filed under: Companies, Isetan, Komatsu, Sumitomo Metal Industries, Mitsukoshi, Aeon, Mitsubishi Materials, JAL

    The Tokyo equities markets were up slightly on Monday after a new Tankan survey from the Bank of Japan showed that large companies are planning much larger levels of capital spending than they said they were in the last survey. The new numbers show that businesses are confident that the Japanese economic recovery will continue, and hinted that the Bank will abandon zero interest rates sooner rather than later.

    The Nikkei 225 and the Topix index each added 0.4 percent, to 15,571.62 and 1,593.22 respectively.

    The retail sector gained 1.2 percent as a whole. General retailer Aeon added 2.4 percent to ¥2,570, while department store chain Isetan gained 2.5 percent to ¥1,999. Another department store chain, Mitsukoshi, was up 6.1 percent to ¥555 after it announced strong operating profits for the quarter ending in May.

    Miners saw advances as commodity prices rose once again. Mitsubishi Materials gained 3.1 percent to ¥503, while Sumitomo Metal Mining advanced by 5.4 percent to 1,572.

    Japan Airlines dropped 4.9 percent to ¥273 after Friday’s news that it will have to sell new shares to update its fleet and cut debt.

    Komatsu, the construction machinery maker, added 2.2 percent to ¥2,325.





    June 19, 2006

    Gains in pharma, seafood limit Tokyo losses

    Filed under: Companies, Sony, Mizuho, Hitachi, Advantest, Mitsubishi UFJ, Komatsu, Chugai Pharmaceutical, Mitsubishi Materials, Takeda, Nippon Suisan, Maruha, Daiichi Sankyo, Ishikawa Seisakusho

    The Tokyo equities markets were lower on Monday as export-reliant sectors saw declines on the news that China’s central bank is cutting back on lending. The announcement spurred worries that China’s economy is slowing down. The Topix index was also hurt by declines in the banking sector.

    The Nikkei 225 was 0.1 percent lower to 14,860.35, while the Topix dropped 0.5 percent to 1,527.66. Meanwhile, the Mothers index of small and mid-cap stocks closed flat at 1,462.71.

    Among companies hit by the news from China were smelter Mitsubishi Materials, which dropped 3 percent to ¥458 and construction machinery manufacturer Komatsu, down 3.5 percent to ¥2,075.

    The electrical machinery sector dropped 0.5 percent as a sector. Among electronics companies, Hitachi was down 1.1 percent to ¥743, while Sony dropped 1.6 percent to ¥4,860. In the semiconductor sector, Advantest lost 2.6 percent to ¥10,750.

    Among banks, Mizuho lost 1.9 percent to ¥875,000, while Mitsubishi UFJ declined by 2 percent to ¥1,460,000.

    Pharmaceuticals and seafood companies, however, saw gains on the day. Strong export sales in the seafood sector saw Nippon Suisan add 3.1 percent to ¥589 and Maruha gain 3.5 percent to ¥325.

    The pharmaceuticals sector was up 2.3 percent as a whole. Takeda added 1.7 percent to ¥6,730, Chugai was up 3.4 percent to ¥2,280, and Daiichi Sankyo gained 6.1 percent to ¥2,890.

    Ishikawa Seisakusho, which manufactures defence products in addition to textiles, added 17.7 percent on the day to ¥166 as suspicions rose that North Korea is preparing to test a missile in the near future.





    April 4, 2006

    Profit-taking sends Tokyo markets lower

    Filed under: Companies, Mitsui OSK, Nippon Yusen, Mitsubishi UFJ, Sharp, Honda, Sumitomo Metal Industries, Elpida Memory, Mitsubishi Materials, Konica Minolta, Ajinomoto, Tokyo Tatemono

    Profit-taking sent the Tokyo equities markets lower on Tuesday. The Nikkei 225 ended the day down 0.2 percent to 17,292.91, while the Topix index lost 0.3 percent to 1,749.65.

    Despite the declines, some sectors saw gains. The rise in metals prices sent miners up. Sumitomo Metal Mining added 1.2 percent to ¥1,659, while Mitsubishi Materials gained 2.2 percent to ¥643.

    Sea transport gained 1.4 percent as a sector as the yen weakened. Nippon Yusen added 1.9 percent to ¥746 and Mitsui OSK Lines gained 1.7 percent to ¥825.

    Some advances were also brought about by broker upgrades. Ajinomoto, which makes food seasonings, added 8.9 percent to ¥1,373 on an upgrade from “sell” to “buy” by Merrill Lynch. In the real estate sector, Tokyo Tatemono was up 3.1 percent to ¥1,350 on an upgrade from Daiwa Research Institute.

    Banks lost 0.9 percent, with Mitsubishi UFJ down 1.6 percent to ¥1,810,000.

    Export-dependent stocks declined despite the weakening yen. Auto maker Honda dropped 0.5 percent. Chipmaker Elpida Memory was down 1.1 percent to ¥4,390. Consumer electronics manufacturer Sharp declined by 1.4 percent to ¥2,080. Camera manufacturer Konica Minolta dropped 1.6 percent to ¥1,523.





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  • Tokyo Market News copyright 2005 Central Consultants